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edition of "the five", i'm dana perino and this is a fox news alert. you are looking live at the white house and capitol hill as the clock ticks down toward 2013. there are just 28 hours before the nation goes over the so-called fiscal cliff. fox chief white house correspondent ed henry has been at the white house, covering it all day. ed, where do things stand? >> good to see you, dana, you've been through the budget battles. the bottom line, there's not a lot of progress, so the white house is here and waiting and looking at what kind of last minute negotiations were going on, on capitol hill behind closed doors, but the senate majority leader harry reid a short time ago going home and basically saying that he will be back in the senate until tomorrow at 11 a.m., suggests that we're edging closer and closer to that cliff, but what the president did today. as he did something rare, he went on the sunday talk show for the first time in three years, went on nbc's meet the press and the last time he did one of the shows was promote health care reform today and try and back republicans ba
in dana bash on capitol hill. when you think about it, both sides are not happy with what's taking place, at least what they're talking about. i know you have some new information on at least what the republicans are suggesting when it comes to those massive spending cuts, some kind of delay in the process. how would that work? >> reporter: well, this is according to democratic sources. i want to be clear. congressional democratic sources saying that republicans specifically mitch mcconnell who is the lead negotiator, what he is proposing is to delay that sequester, the spending cuts for three months, so 90 days. what democrats here on capitol hill want to do is delay it for at least a year. so there is a very interesting dynamic shaping up right now. this probably is a good illustration of that. you you mentioned right at the top that the negotiations are going on now between primarily senate republican leader and the vice president, not the democratic leader. so they're certainly in the loop i'm told in a very constant way, the democrats here on capitol hill. but the fact that they let
velshi is in new york, dana bash is live on capitol hill. we will start with you, dana. what has gotten lawmakers now not seeing eye to eye? >> reporter: actually, let me answer that by asking one of the members of the senate republican leadership, senator john thune, who just came out of the senate republican meet egg. senator, can you tell us where do things stand as far as republicans feel? >> well, look, republicans advanced a proposal last night. you heard senator mcconnell talk about that on the floor. we are still awaiting a counteroffer by the democrats. and there was an indication that we could have received that by 10:00 this morning. we have yet to receive it. but there are discussions that continue. senator mcconnell and vice president biden are continuing to discuss this and we think there perhaps still could be a path forward. the one thing that is a, you know, democrats come out and made a big deal out of chained cpi, republicans are very concerned that if that not be used as an offset to reduce or to replace some of the spending cuts that you would occur in the sequester
to dana bash, monitoring developments on capitol hill and dana, while the talks are at a standstill, i can see these trying to talk us to, not sure how this will go. let's try any watch the vn now primarily a part of the negotiations, how did that happen and i can see -- dana, can you hear me all right? >> reporter: yes, i can. sorry about that >> so i was just saying, the vice president now has been called in as part of these negotiations is that inspiration or desperation at this point? >> reporter: um, i would think it's an inspiration but we will have to see. you know, what's going on here appears to be that senator reid, the democratic leader is playing bad cop and joe biden is playing good cop. he certainly has a long history of talks and bipartisan negotiations with mitch mcconnell. i want to, over the past hour, we have spoken to two republican senators, i wanted to talk to claire mccaskill, thanks very much for joining us, they just ended their almost two-hour meeting, martin, two hours, what was going on in there behind those door? >> i know you will be shocked to hear that a lot
with fewer than two days remaining on the countdown clock, dana bash is on capitol hill. tell us what the main point of contention is now. >> there are few according to sources in both parties. the biggest one when it comes to the democrats, from their point of view, is the fact that republicans in an offer that they made last night included what is known as chained cpi in laymen's terms and in terms that matter to many americans, it would effectively make social security checks lower each month. >> we learned this from sources earlier. the senate majority leader, harry reid went to the senate floor and talked about the snag. list ton what he said. >> the one thing i do want to mention is that we're not going to have any social security cuts at this stage, that doesn't seem appropriate. we're open to just discussion about entitlement reforms, but we're going to have to take it in a different direction, the present status will not work. we're willing to make concessions as part of a balanced comprehensive agreement. but will not agree to cut social security. with 36 hours left until th
if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republicans who are not going to be happy with any potential deal. i just spoke with tom harkin who is a democrat being from iowa. and he's also a leading progressive. he said that he and other progressives might be the ones object or to try to stop any potential deal. the reason he says he's so upset is because he does not like the idea that we have been reporting of keeping the tax cuts in place of income levels up to $450,000. he believes that's too high. the president, as we know, campaigned with a lot of democratic support on $250,000. harkin said he's not happy with the idea that democrats are talking about keeping the estate tax cut in place, which also e
congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is that there is progress being made but in the same breath, but, there are still thingsing to worked out. as we wait for what we generally see when the senate opens which is the pledge of allegiance, a prayer and so forth, if you see the bottom of your screen, i'm not sure if you can see it, white hair, that is harry reid, the senate majority leader. it may be we will hear an update from him. maug maybe we should listen to th the. >> prayer. >> let us feel your presence today on capitol hill, as we gather with so much work left undone, guide our lawmakers with your wisdom. lord, show them the right thing to do and give them the courage to do it. be their shelter in the midst of the storm, regardless of how high the waters rise. when they feel exhausted, remind them of the great sufficiency of your grace. look with favor on our nation and save us from self-
? let's go to dana bash. dana, what do you think? is it promising? can they go it now? >> reporter: well, let's start there. it certainly has happened before between these two men, and it's happened before when democrats on capitol hill are either split or have gotten, frankly, just too frustrated with the republican counterparts to have conversations to be able to find bipartisan agreement. these are the two men who negotiated an extension of the bush era tax cuts for two years. that happened two years ago when republicans had a lot of political capital because they just won the house in a big way. whether or not these two men are actually going to be the ones to strike a deal, we're not sure, but we are told, our ted barrett and jessica yellin and i are told by multiple sources that it does seem that at this point, at this late hour, the talks are primarily centered around and between these two men, between mitch mcconnell, the senate republican leader, and joe biden, the vice president. harry reid, the senate democratic leader is certainly very well-informed. he's kept apprised of wha
, what we want to do now is go over to capitol hill and talk to dana bash just a little bit because as we know, when these big deals among leadership get announced, there is still the active job of selling it to the rank and file, both the democrats and the republicans, and, dana, i'll ask you directly, are you hearing from anyone who is saying anything about whether this thing will fly in the house and the senate? >> reporter: obviously it will start in the senate, that's where we'll first see if the votes are there. as i was saying to wolf before, it is very hard to imagine at this late day and this late hour that harry reid and mitch mcconnell will agree to anything that won't get a majority of votes in both of their caucuses. but then the next move is obviously going to be the house, which is where i am right now. i'm with a republican member of the house, darrell issa. thank you for joining us. can you react to what the president said? >> i think i'm pleased there may be a deal, bring some certainty to the american people. i'm disappointed that the president took the eve of what migh
. in fact, we're taking a look now at the senate floor. dana bash has been working her sources in congress, talking to pretty much everybody out there with an opinion on it. dana, what are you drawing? what conclusions are you drawing from what you're hearing? >> let me give you a little bit of color of what i witnessed, maybe better to say what i smelled coming over here. i took the back way where senators have hide aways in the capital, and i smelled a lot of firewood. people are lighting fires like they're in for a long night here on new year's eve. and perhaps that is a good sign that there is genuine optimism that they could have a vote tonight. that is what i was told by a senior democratic source, that the goal is tonight, senate democrats insist they're not there yet. there's still some outstanding issues on the republican side, however, there was a meeting probably now about an hour, hour and a half ago, among all senate republicans, and many, many senate republicans came out and said they did believe we were very, very close, and they were sticking around for a vote tonight. so t
the year. we have the greatest fans on the planet. thank you. we also wish a happy new year to bob and dana. cheers to you guys. here is to making my prediction the reality. "the five" number one in 2013. let's do it everybody. of course to the troops whose commitment to freedom keeps us safe, sound and secure. thanks to all. good night, everyone. be careful out there tonight. let's do this. >> kimberly: happy new year! >> oh, no! ♪ >> bret: two words you've likely heard too many times. "fiscal cliff." the country will officially go over it tonight. congress will miss a midnight deadline. so what now? will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation to vot
as of monday night without a deal. so pretty tight timeline there. >> what is the thinking at this point, dana bash, that most congressional leaders feel like going over the cliff, whether they will say it publicly is one thing, but going over the cliff might be better, because on the other end of it, you can vote for tax cuts versus raising taxes for a certain number of americans, politically speaking, isn't that a better scenario for them? >> it may politically be a better secenario for some congresspeople. but it will be a catastrophe because of public opinion, the way markets would respond on january 2nd. i think politically obviously it saves a little face, particularly for some republicans who don't want to vote for tax increases. taxes increase automatically, but it isn't without consequences and we're trying to get a sense today -- the meeting that you mentioned, 3:00 p.m. at the white house, congressional leaders with the president and vice president. coming out of that, i think we may have a better sense of exactly what direction this is going. if there is maybe a little bit of a kum
confidence turned down for the first time in a long time. here is something ta dana bash got, where she said, republican told her, some senate democrats have discussed holding on on bringing up a proposal until the final final days of 2012, which we happen to be in at the moment. to increase pressure on republicans to support avoiding higher taxes on everyone due to the fiscal cliff. >> the clock is running down. now is the moment. and all i can tell you, we have had various groups, the gang of six, the gang of eight. people meeting, talking, i've had multiple conversations since getting back yesterday. i just don't believe it in the senate. i absolute believe if it were up to the senate democrats and republicans, we would get this done. the problem is, unfortunately, with the extreme element insist the house, for whatever reason the speaker won't act. even when something like the reform farm bill to eliminate subsidies which everybody agree should be eliminated. we can't get them to that i that out. so frustrating that we send things over that are bipartisan that do make cuts and to ask tho
Search Results 0 to 15 of about 16 (some duplicates have been removed)